Lodha Developers Targets Record Growth Amid Housing Demand
Lodha Developers aims for a 17% increase in sales bookings to Rs 24,000 crore this fiscal year, following a previous rise to Rs 20,530 crore. Despite geopolitical challenges, their operational strength has bolstered growth. The company's net profit and total income saw significant increases, showcasing resilient demand in major markets.
- Country:
- India
Real estate giant Lodha Developers has set a new benchmark, targeting a 17% rise in sales bookings to reach Rs 24,000 crore for the current fiscal year. With a notable previous growth spurt to Rs 20,530 crore, the firm is positioned to capitalize on sustained housing demand, particularly in major urban markets.
This announcement, made during the latest investors' meeting, highlights Lodha's robust financial and operational capabilities that have helped it navigate recent geopolitical challenges. The company reported a substantial increase in net profits to Rs 3,430.7 crore, indicating strength amid fluctuating market conditions.
Abhishek Lodha, MD & CEO, articulates the firm's strategy of focusing on profitable growth and value creation. Despite various global uncertainties, Lodha Developers is buoyed by a resilient demand for top-brand housing, a testament to the firm's continued expansion in key regional hubs such as Mumbai, Pune, and Bengaluru.
(With inputs from agencies.)
ALSO READ
Mumbai Police Crackdown: 367 Fugitives Arrested in Major Operation
Rihanna's Resplendent Return: A Spectacular Fenty Beauty Launch in Mumbai
Mumbai Court Denies Plea for Return of BMW in 'Weapon' Hit-and-Run Case
Bharat Taxi Expands to Mumbai, Targets Inclusive, Driver-Centric Urban Mobility Ecosystem
Air India Challenges Navi Mumbai Airport Shift Proposal
Google News